FX.co ★ Chile's Copper Production Plummets to 0.0% in March: Year-over-Year Comparison

In the latest economic update from Chile, the country's copper production took a significant hit in March 2024. According to data released on April 30, 2024, the current indicator for copper production came to a standstill at 0.0%, a stark contrast to the previous month's figure of 9.9% in February. The comparison is made on a Year-over-Year basis, emphasizing the decline in copper output from March 2023 to March 2024.

This drop in copper production can have far-reaching implications not only for Chile's economy but also for the global market, as Chile is one of the world's largest producers of copper. Investors and analysts will be closely monitoring how this downturn in production could impact supply chains and market prices in the coming months.